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Hong Kong

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores
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28 July, 2023

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores

The move, which began on July 18, follows the launch of a digital yuan shopping festival organized by the Bank...
Hong Kong speeds up blockchain adoption under new Web3 task force
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7 July, 2023

Hong Kong speeds up blockchain adoption under new Web3 task force

The newly minted task force involves key players from the government, private sector, and professionals from academia as they collaborate...
Hong Kong Web3 firms splurge millions to snag up operational licenses: report
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3 July, 2023

Hong Kong Web3 firms splurge millions to snag up operational licenses: report

Data shows between $2.55 million and $25.5 million are being shelled out by Web3 firms looking to get a license...
We’re not building a crypto hub in Hong Kong, regulator says
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29 June, 2023

We’re not building a crypto hub in Hong Kong, regulator says

The securities chief says the collapse of FTX entrenched the agency’s belief that ‘crypto’ trading must be regulated stringently as...
Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
Hong Kong’s Cyberport onboards over 150 Web3 firms in 12 months
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23 June, 2023

Hong Kong’s Cyberport onboards over 150 Web3 firms in 12 months

Apart from its welcoming stance on digital currencies, Web3 startups looking to set up tents in Hong Kong also consider...
Hong Kong wants HSBC, Standard Chartered to accept digital asset clients
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20 June, 2023

Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

To become the global ‘crypto’ hub, Hong Kong is pushing the three largest banks in the city-state—along with Bank of...
Hong Kong wants public’s input on stablecoin regulation
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18 June, 2023

Hong Kong wants public’s input on stablecoin regulation

Hong Kong’s Undersecretary for Financial Services and the Treasury, Joseph Chan Ho-lim, said the public consultation will form the basis...
Expert views Hong Kong as China’s digital asset regulatory sandbox
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9 June, 2023

Expert views Hong Kong as China’s digital asset regulatory sandbox

Angelina Kwan, CEO of Stratford Finance and former Hong Kong SFC regulator, hinted that the new rules for digital exchanges...
Hong Kong, UAE to develop digital asset regulations, boost financial cooperation
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6 June, 2023

Hong Kong, UAE to develop digital asset regulations, boost financial cooperation

The central banks of the UAE and Hong Kong forge closer ties in regulating digital assets as part of their...
Hong Kong launches ‘CyberDefender’ metaverse platform to explore Web3
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2 June, 2023

Hong Kong launches ‘CyberDefender’ metaverse platform to explore Web3

Hong Kong lost $217 million to BTC scams in 2022 and it’s now exploring creative solutions, including a metaverse platform...
Hong Kong may allow retail traders access to digital currency exchange services
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30 May, 2023

Hong Kong may allow retail traders access to digital currency exchange services

The incoming rules for digital asset service providers are expected to come into effect on June 1, but the Securities...